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Oct 18, 2012
10/12
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trading barbs after last night's second presidential debate. w let's recap wh we learned last night. the tax plan doesn't add up. his jobs plan doesn't create jobs. his deficit reduction plan adds to the deficit. >> i mean he spends most of his time talking about how my plan won't work.d what about his plan? we know his plan h not worked. >> tom: "n.b.r.'s" washington bureau chief darren gersh joins us. so, darren, romaney floated a new idea last night, capping tax deductions at $25,000 r while cutting tack rate for all wage earners. doesn't add to the defic according to the governor. does it add up, though? >> td you'll be shocked, shocked to hear t'lat right now it datsn't. we don't have enough detas. here'sdehat we know. so the governor has proposed about $5 trillion inre tax cuts. that 25,000 cap he talked about onab itemized deductions, according to the tax policy center, would raise about $1.3 trillion. so you have a hole of 3.7 trillion, and we don't know how governor romney would fill that. >> tom: we also haven't heard much on housing
trading barbs after last night's second presidential debate. w let's recap wh we learned last night. the tax plan doesn't add up. his jobs plan doesn't create jobs. his deficit reduction plan adds to the deficit. >> i mean he spends most of his time talking about how my plan won't work.d what about his plan? we know his plan h not worked. >> tom: "n.b.r.'s" washington bureau chief darren gersh joins us. so, darren, romaney floated a new idea last night, capping tax...
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Oct 4, 2012
10/12
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. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the approaching fiscal cliff if we go over the fiscal cliff, if we plunge over the highest bluff along the fiscal cliff, it's very likely the economy will fall into recession and the unemployment rate instead of being 8 at the end of next year will be above 9. so the first thing that any elected official needs to do in 2013 is prevent job losses by doing something about the fiscal cliff. >> susie: are you predicting a recession? >> no, we're not. we do think that in a crisis environment at the 11th hour, some sort of arrangement will be made that will delay the fiscal contraction that's on the books now. so that th
. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the...
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Oct 12, 2012
10/12
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joe biden will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch mitt romney's debate double into a home run. >> if ryan does really, really well, it could possibly fundamentally make this a real horse race, not just nationally but in the battleground states. so, i think there is a lot of expectation on both sides for what this debate possible could do. >> reporter: if you thought the first presidential debate was bogged down in statistics and policy details, you'll have more fun tonight. debate veterans are expecting fireworks. jeff nesbit was press secretary for former vice-president dan quayle. >> while both of them can go deep on wonky politics-- biden can go pretty deep on foreign policy and ryan can go pretty deep on economic policy-- i don't expect that at all in this debate. vice-presidential debates basically are two attack dogs going at each other to defend and promote the top of the ticket. >> reporter: once again, medicare will likely be the star of the show. many democrats were disappointed president obama di
joe biden will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch mitt romney's debate double into a home run. >> if ryan does really, really well, it could possibly fundamentally make this a real horse race, not just nationally but in the battleground states. so, i think there is a lot of expectation on both sides for what this debate possible could do. >> reporter: if you thought the first presidential debate was...
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Oct 5, 2012
10/12
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president obama and mitt romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating t
president obama and mitt romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the...
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Sep 26, 2012
09/12
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. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the decisions. she was the chairman of the fdic and has written about the financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly needed to do something. weeshtd have done more to get the homeowners restructured and clean up the banks balance sheet, by making th
. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the...
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Aug 29, 2012
08/12
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and that's what this debate is all about between mr. romney and mr. obama. which way do we go? >> reporter: whether or not romney wins, hess sees more business leaders turning to politics. >> i think it has to do with people making an awful lot of money pretty young, and then what do you do? and you're tempted to go into politics for, among other reasons, you can afford it. and you can self-finance. you can use your own money. >> reporter: which romney did in his successful run for governor of massachusetts. and it may be that romney the governor is a better indicator of presidential performance than romney the c.e.o. darren gersh, nbr, washington. >> tom: we asked our facebook friends what they think is more important, business or political experience. david houston wrote, "political experience. running a nation is not the same as running a lemonade stand, even if it is a big lemonade stand." gordon gerber says neither, "leadership skills are the most important attributes a president can have." you can join the conversation on our facebook page. you can find us @bizrpt. >> sus
and that's what this debate is all about between mr. romney and mr. obama. which way do we go? >> reporter: whether or not romney wins, hess sees more business leaders turning to politics. >> i think it has to do with people making an awful lot of money pretty young, and then what do you do? and you're tempted to go into politics for, among other reasons, you can afford it. and you can self-finance. you can use your own money. >> reporter: which romney did in his successful...
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Nov 6, 2012
11/12
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for example romney mentioned coal several times in the debate. ckl stooas are up 25% since s the first debate that could continue if romney winsment likewise better performance out of hmos and maybe some of the big banks. on the other side an obama win might mean better performance for some of the staples retailers on the extension of unemployment benefits and some of the beneficiaries of the affordable care act that is likely to remain in place like health-care facilities like hospitals and diagnostic labs and other health-care services companies. >> susie: all right a lot of good information, jeff, thank you so much. jeff kleintop, chief market strategist at lgl financial. thanks very much. >> tom: still ahead, tonight's word on the street: bonds, what happens to the market for u.s. i.o.u.'s if the fiscal cliff hits. the street.com's joe deaux joins us. one thing you may not be hearing e te onlection night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this electio
for example romney mentioned coal several times in the debate. ckl stooas are up 25% since s the first debate that could continue if romney winsment likewise better performance out of hmos and maybe some of the big banks. on the other side an obama win might mean better performance for some of the staples retailers on the extension of unemployment benefits and some of the beneficiaries of the affordable care act that is likely to remain in place like health-care facilities like hospitals and...
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Oct 23, 2012
10/12
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itpolls show president obama and governor mitt romney are neck- and-neck. s tonight they have their third and final debate in boca rato and tom is there. tom.at florida is the big fridz for the campaign. it has the most number of electoral vote its at stake, in the fall election. it also a state that has felt the full force of the great recession. the housing market in some areas in florida has shown signs of life but remains well bloat boon years. the job market in the sunshine state has seenlow recovery. >> t lunch crowd start to its file in to vinnie's all day calf nie boca raton around 11:30. despite it's name vinnys is owned by a guy named jay dietz. he bought the restaurant from vinny more than a decade ago. >> food prices are going up a couple extra dollars i won't sacrifice the quality of our food just to make a couple extra dollars. >> reporter: wile tonight's debate focuses on foreign affairs t is still the competent that remains the issue for floridians. >> the big issues have to be taxes and jobs. they have be to-- to be. just talking about the
itpolls show president obama and governor mitt romney are neck- and-neck. s tonight they have their third and final debate in boca rato and tom is there. tom.at florida is the big fridz for the campaign. it has the most number of electoral vote its at stake, in the fall election. it also a state that has felt the full force of the great recession. the housing market in some areas in florida has shown signs of life but remains well bloat boon years. the job market in the sunshine state has...
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Oct 24, 2012
10/12
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governor romney released a new ad using a criticism he deployed in last night's debate. >> the president began an u "apology tour," going to various nations and criticizing america... >> tom: in his own ad, the president answered critics who say he hasn laid out his plan should he win re-election. >> here's my plan for the next four years:ul making education and training a national priority. building on our manufacturing boom. boosting american-made energy. reducing the deficit responsiosy by cutting where we can and asking the wealton to pay a little more. t >> tom: while neither candidates mentioned the fiscal cff in last night's debate, they did talk a little about the automatic spending cuts piece of the fiscal cliff. >> and i will not cut ourff military budget by a trillion dollars, whicis a combination of the budget cuts the president has, as well as the sequestration cuts. that, in my view, is making...om is making our future less certain and less secure. >> first of all, the sequester is not something that i've proposed; it is something that congress has proposed. it will not hap
governor romney released a new ad using a criticism he deployed in last night's debate. >> the president began an u "apology tour," going to various nations and criticizing america... >> tom: in his own ad, the president answered critics who say he hasn laid out his plan should he win re-election. >> here's my plan for the next four years:ul making education and training a national priority. building on our manufacturing boom. boosting american-made energy. reducing...
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Feb 15, 2012
02/12
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the debate leads allan sloan looking to hire mitt romney as his tax accountant. allan is senior editor at large at "fortune." >> if the presidential thing doesn't work out for mitt romney, there's a whole other career he can pursue-- retirement planner. romney has gotten what is probably the greatest retirement package in history. even though he left bain capital in 1999, romney still gets millions a year from bain's piece of the profits that investors get from bain's buyout funds, and pays only 15% federal tax on it. in some years, less. compare that with my social security benefits. my wife and i pay 30% tax on those. that's because 85% of our benefit is taxable, and we pay 35% percent on that, thanks to the a.m.t. this all happens because, under our current tax system, income from capital, which is how romney's bain payments are treated, is much more valuable than income from work, which is how social security is treated. i have no idea if romney would make a good president. but if he wants to offer retirement advice, i'll be his first client. i'm allan sloan.
the debate leads allan sloan looking to hire mitt romney as his tax accountant. allan is senior editor at large at "fortune." >> if the presidential thing doesn't work out for mitt romney, there's a whole other career he can pursue-- retirement planner. romney has gotten what is probably the greatest retirement package in history. even though he left bain capital in 1999, romney still gets millions a year from bain's piece of the profits that investors get from bain's buyout...
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Jan 25, 2012
01/12
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the debate over the fairness and economic impact of the tax code. romney immediately went on the offensive, charging president obama's policies on taxes and the economy would lead to more debt, decline and disappointment. for his part, president obama will argue in tonight's state of the union address the tax system is stacked against middle class americans. and to make his point, mr. obama is bringing along a special guest. darren gersh reports. >> reporter: debbie bosanek is about to become berkshire hathaway's second-most famous employee. the reason? she is the new face of the "buffett rule," which holds a billionaire like warren buffett should not pay a lower tax rate than his secretary, debbie bosanek. to drive the point home, bosanek will be sitting in a place of honor with the first lady at tonight's state of the union speech. >> the president believes it is not fair, inherently not fair that those who are millionaires and billionaires pay at a lower rate than average americans who are struggling to get by. >> reporter: the issue took on new
the debate over the fairness and economic impact of the tax code. romney immediately went on the offensive, charging president obama's policies on taxes and the economy would lead to more debt, decline and disappointment. for his part, president obama will argue in tonight's state of the union address the tax system is stacked against middle class americans. and to make his point, mr. obama is bringing along a special guest. darren gersh reports. >> reporter: debbie bosanek is about to...